Ford Section 179 Tax Deductions near Fergus Falls, MN
Section 179 Tax Deduction
at Juettner Motors
Have you been waiting for the right time to enlist a new truck, van or SUV in your business's fleet of vehicles? Be sure to take advantage of the Section 179 tax deduction! This tax benefit, designed for small- and medium-sized businesses, aims to alleviate the burden of vehicle costs by allowing a tax write-off of up to 100% of the purchase price, depending on model1. A huge assortment of our trucks, vans and SUVs qualify, so visit our Ram dealership near Fergus Falls to get started.
Hurry in, though, as you must purchase and properly place your vehicle into service by December 31, 2023, to qualify!1 Check out our selection of commercial vehicles in Alexandria now to take your business to a whole new level.
What Are the 2023 Section 179 Tax Deduction Limits?
Because the goal of Section 179 is to help small- and medium-sized business owners save on operating costs, there are strict limits that must be followed. The deduction limitations for 2023 include:
2023 Deduction Limit: $1,160,000 -- applicable for both new and used equipment (vehicle must be new to the buyer).1
2023 Bonus Depreciation: 80% -- valid for both new and used equipment.1
Passenger vehicles (including pickups or heavy SUVs) with a weight ranging between 6,000 and 14,000 pounds, are eligible for a maximum first-year deduction of up to $28,900 in 2023.1
Which Vehicles Are Eligible for Section 179?
Both new Ram models and qualifying used vehicles may be eligible for the Section 179 tax deduction. What matters most is that the vehicle you purchase is new to you. Qualifying models from across the brands' lineups include:
- Chrysler Pacifica
- Dodge Durango
- Dodge Grand Caravan
- Jeep Grand Cherokee
- Jeep Grand Cherokee L
- Jeep Wrangler Unlimited
- Jeep Gladiator Rubicon
- Ram 1500
- Ram 2500
- Ram 3500
- Ram ProMaster®
Ram Commercial Vehicles in Alexandria, MN
Contact Juettner Motors in Alexandria to learn more about our heavy-duty trucks, work vans and SUVs. We can help you schedule a Ram 2500 test-drive or compare Jeep models to select the right companion for your long days. Whether you need a van for deliveries or a work truck for the jobsite, Section 179 allows you to save big by writing off much of the purchase price!
1 Information accurate at date of publishing. Refer to https://www.section179.org for the most current specifics.